GE planning wide-scale layoffs in Israel - Israel Business, Ynetnews
 
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General Electric looking to 'simplify organizational structure'
General Electric looking to 'simplify organizational structure' 
 
 

GE planning wide-scale layoffs in Israel

Corporation to fire about half of 500 employees in healthcare division's R&D centers in Israel, company worker tells Ynet. Management sources say only 10% of workforce to be dismissed

Billie Frenkel
Published: 02.02.13, 07:52 / Israel Business

General Electric's medical equipment unit – GE Healthcare – is planning wide-scale layoffs in Israel, Ynet has learned.

 

According to a company source, more than half of the division's 500 employees in all research and development centers in Israel will be fired.

 

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The company neither confirmed nor denied the figures officially, but management sources said that only 10% would be dismissed.

 

"The company confirms that it is looking into different ways to simplify the organizational structure and cut costs as part of a review which includes removing organizational levels and preventing redundancies," GE spokesperson said.

 

"This move will reduce organizational complexity, speed up the decision making ability and allow us to be accessible to our customers. Taking these measures will put the company in a good position for 2013 and on a higher level of preparedness for the years to come."

 

The source who spoke to Ynet noted that the company began summoning the employees to hearings at the end of 2012. "Approximately 30 out of 70 people are being fired," he said.

 

According to the course, about 10% of the workers at the company's R&D center in Haifa have been dismissed.

 

The worker added that, like other employees, he had yet to receive a final answer on his own situation. He noted, however, that the company was operating with transparency and had explained the planned cutbacks and future plans to its employees.

 

General Electric is an international corporation which employs more than 300,000 workers around the world and operates through four segments: Energy, technology infrastructure, capital finance, and consumer and industrial.

 

GE Healthcare has five R&D centers in Israel.

 

 

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